Snoop Dogg on the current crypto winter and future of NFTs: 'Every great industry has a downfall'
— Many nfts, New single, Crypto winter — 1 min read
NFTs are unique digital assets, like artwork and sports trading cards, that are verified and stored using blockchain technology. Critics see them as overhyped and potentially harmful to the environment given the energy-intensive nature of cryptocurrencies. Snoop Dogg recently announced his plans to turn Death Row Records into an "NFT label" Snoop's latest project claims to be the world's first NFT restaurant group, Dr. Dr. Bombay's Sweet Exploration Exploration, which is set to open in Los Angeles under the umbrella of NFT Labs, has seen a steep increase in price since Snoop appeared on stage at the NFT.NYC conference in New York City. The rapper was part of a $50 million investment into Reddit, which valued the company at around $500 million at the time Source